Multiple volume profiles drawn at various points to current day:
1. Swing high
2. Swing low
3. Point of recent lift off
4. Large timeframe low
Excluding "4", fair value is 500's
Current point of control is 450's
Note dropping volume into the rise. Not typically a bullish sign.
"4" can be achieved. See published chart of ARKK for similarities...
Reproduced these from user @beanotrader on Twitter / X
1. Swing high
2. Swing low
3. Point of recent lift off
4. Large timeframe low
Excluding "4", fair value is 500's
Current point of control is 450's
Note dropping volume into the rise. Not typically a bullish sign.
"4" can be achieved. See published chart of ARKK for similarities...
Reproduced these from user @beanotrader on Twitter / X